Joseph Michael DePinto was born in 1963, in Chicago, Illinois USA, and is a businessman, best known for being the President and Chief Executive Officer of the convenience retailer 7-Eleven, Inc. He’s also held top positions in companies such as PepsiCo, GameStop, and Thornton Oil. All of his efforts have helped put his net worth to where it is today.
How rich is Joseph DePinto? As of early-2017, sources estimate a net worth that is at $40 million, mostly earned through a successful career in business. He reportedly earns over a million dollars per year as part of 7-Eleven, and as he also holds a board position in numerous organizations, it is expected that his wealth will continue to increase.
Joseph Depinto Net Worth $40 million
Joseph attended the US Military Academy at Westpoint, and would graduate with a degree in Engineering from there. Afterwards, he attended the Kellogg School of Management at Northwestern University, where he earned his Master of Business Administration.
Over the course of his career, he has worked with several high profile companies in high positions. He was the previous director of Brinker International, Inc, and was a director of Jo-Ann Stores and later the Senior Vice-President of Thornton Oil Corp, and also served as the Chief Operation Officer of Thornton. Afterwards, he would join GameStop Corp as the President, before moving to an executive role at PepsiCo, Inc. In 2005, he joined 7-Eleven, Inc. and has been with them since then.
7-Eleven started out as Tote’m Stores, and would later change their name to 7-Eleven in 1946 to reflect their new working hours, that is from 7 am to 11 pm, seven days a week. Southland Corp. changed its name to 7-Eleven, Inc. after two Japanese entities – Ito-Yokado and Seven-Eleven Japan – acquired 70% of the company. The company has grown immensely over the years, with it being in the top 10 in Entrepreneur Magazine’s “31st Annual Franchise 500”.Their statistics show that they have 56,600 stores in 18 countries.
Aside from his current work, DePinto serves on the Board of the Business Executives for National Security. He is also a member of the Dallas Stars Ownership Advisory Group, the Kellogg School of Management Global Advisory Board, and is a Council member of the George W. Bush Presidential Center Military Service Initiative. Additionally, he is on the Board of the Dallas Citizens Council, the Southwestern Medical Foundation, and the Johnny Mac Soldiers Fund. He is the Chairman of the Board of Brinker International and is the Board Director of 7-Eleven, Inc.
In 2010, Joseph appeared in the reality series “Undercover Boss”, which is self-explanatory, and during that episode, he learned that one of his corporate policies wasn’t being implemented. He was also inspired by the story and outlook of one of his delivery drivers.
It is also known that Joseph has held an interest with the food industry, as he owns and operates restaurant brands as well.
For his personal life, Joseph is married to Ingrid, but the rest of his private life remains exactly that.
